NEW YORK CITY—The Rockefeller Group's 1221 Ave. of the Americas has landed a sizable new tenant, according to the New York Post. Mitsubishi-owned MUFG Union Bank N.A. has signed on for 209,700 square feet on three lower floors at the 50-story office property, the Post reported Tuesday. A Rock Group spokesman tells GlobeSt.com the firm has no comment.
Deal terms were not available. MUFG reportedly will consolidate space from several other Manhattan locations, including 1633 Broadway in what would be one of the year's largest new leases. GlobeSt.com first reported that a deal was in the works this past July.
Cushman & Wakefield represented both the bank, which has $108.8 billion in assets, and the building ownership, the Post reported. The firm's Fred Smith and Omar Farooq reportedly negotiated on MUFG's behalf, while C&W's John Cefaly and the Rock Group's Ed Guiltinan spoke for the landlord.
Reports of the deal at the 2.5-million-square-foot tower, which is undergoing a major capital improvement program, come just a few weeks after the property achieved the distinction of becoming the largest recertified LEED-EB building in New York City. The property first achieved LEED for Existing Buildings status in 2009, and has now been certified LEED-EB Silver.
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